Understanding Rep. Mike Kelly's Recent Union Pacific Stock Trading
Understanding Rep. Mike Kelly's Recent Stock Activity
Recently filed disclosures reveal that Representative Mike Kelly took part in a noteworthy transaction involving Union Pacific, valued between $15,001 and $50,000. This filing was made on December 12, 2024, highlighting the ongoing stock activities of congressional members.
As of now, the share price for Union Pacific stands steady at $229.88, with no significant fluctuations.
Mike Kelly's Stock Trading Overview
Over the past three years, Mike Kelly has executed 32 stock transactions, amassing a total value of over $1.39 million. Notably, his largest transactions include significant trades in major companies, including Union Pacific and other prominent stocks.
Highlighted Transactions
Here's a closer look at some of Representative Kelly's key trades:
- Union Pacific: Sale of $15,001 - $50,000
- Intel: Sale of $1,001 - $15,000
Detailed Transaction Summary
To provide transparency on Rep. Kelly's trading habits, here’s a concise summary of his recent transactions:
Company: California St Go Call 12/1/27 4% Due
Amount: $1,001 - $15,000
Transaction Type: Sale (Partial)
Transaction Date: December 2, 2024
Company: Miami-Dade Cnty Fl Educational Fac
Amount: $50,001 - $100,000
Transaction Type: Purchase
Transaction Date: November 11, 2024
Company: Intel
Ticker: INTC
Amount: $1,001 - $15,000
Transaction Type: Sale
Transaction Date: November 8, 2024
Company: Union Pacific
Ticker: UNP
Amount: $15,001 - $50,000
Transaction Type: Sale
Transaction Date: November 8, 2024
Company: Michigan St Fin Auth Revenue Ref-
Amount: $100,001 - $250,000
Transaction Type: Sale
Transaction Date: October 31, 2024
The Significance of Congressional Trading
Understanding congressional transactions is crucial for investors. These activities occur when representatives engage in buying or selling stocks, potentially signaling future market movements. Members of Congress are mandated to file a Periodic Transaction Report to keep the public informed within customary timeframes.
Governance reforms initiated by the STOCK Act, signed into law in April 2012, have stipulated that representatives must disclose their trading activities promptly, thereby enhancing financial accountability. This law was introduced to prevent any misuse of insider information that could benefit individual investors through privileged access.
Why Watch These Transactions?
While congressional transactions should not be the sole basis for investment decisions, they provide a unique perspective for investors. Notably, if a senator or representative engages in a stock purchase, it may suggest that they anticipate a positive trend for that particular stock. Conversely, selling stocks can occur due to a variety of reasons that may not directly correlate to the stock's future performance.
Understanding these dynamics is essential for investors who wish to make informed decisions. Rep. Mike Kelly's recent transactions, particularly with Union Pacific and Intel, illustrate the importance of transparency in holding public officials accountable.
Frequently Asked Questions
What is the recent stock activity of Rep. Mike Kelly?
Rep. Mike Kelly recently sold a portion of Union Pacific stock valued between $15,001 and $50,000.
How many total stock transactions has Rep. Kelly made?
In the past three years, Mike Kelly has completed 32 stock transactions totaling over $1.39 million.
What legislation governs the trading activities of Congress members?
The STOCK Act was enacted to prevent members of Congress from benefiting from insider information and requires them to disclose transactions promptly.
Why is monitoring congressional stock trades important?
Such transactions can indicate potential market trends and provide insight into investments that public officials prioritize.
What are the potential implications of Mike Kelly's trades?
His trades, particularly in companies like Union Pacific and Intel, may influence investor perceptions and market trends based on his political insight.
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